Fertilizer Corporation of India
| Public company | |
| Founded | 1961 |
| Headquarters | Noida, India |
| Products | Fertilizers |
| Owner | Government of India |
| Website | fertcorpindia |
Fertilizer Corporation of India Limited is a public sector undertaking in India under the administrative control of the Department of Fertilizers, Ministry of Chemicals and Fertilizers. The company began in 1961 when Indian government consolidated several state run fertiliser companies into a single SBU. FCI has manufacturing units in 5 states: Sindri complex (Jharkhand), Gorakhpur complex (Uttar Pradesh), Ramagundam complex (Telangana), Talcher complex (Odisha) and an un-commissioned project in Korba (Chhattisgarh). The organisation was declared "sick" in 1992 and in 2002 Government of India initiated actions to close the company. The company has been seeking to restart operations and as of May 2010 had received initial approvals of a government loan forgiveness plan which would allow operations to restart in five of its units.
In 1978, FCIL was re-organised and 5 separate entities were formed – FCIL, National Fertilizers Limited (NFL), Hindustan Fertilizer Corporation Limited (HFCL), Rashtriya Chemicals & Fertilizers (RCF) and Projects and Development India Limited (PDIL) – (earlier the technology & development wing known as P & D). In the mid 1990s, FCI employed around 28,000 people and was one of the largest public sector companies in India.
Apart from these manufacturing units, there were 9 gypsum producing units under Fertilizer Corporation of India Limited operating through another division known as the Jodhpur Mining Organization – now renamed FCI Aravali Gypsum and Minerals India Limited (FAGMIL). Under the Sick Industrial Companies (Special Provisions) Act 1985, the Board for Industrial and Financial Reconstruction (BIFR) declared the Fertilizer Corporation of India Limited sick in 1992. Within the next decade the Indian government concluded that all fertiliser production units of FCIL except Jodhpur Mining Organization were incurring heavy losses & decided to wind up FCIL. However the main reasons for the loss incurred by FCIL were higher incidence of interest, higher input costs especially the power tariffs by the concerned State Electricity Boards & the associated raw materials,and higher consumption which was not reimbursed by the FICC.
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